Recently, PPG (Pittsburgh, Pennsylvania, USA) announced that it had entered into an agreement to acquire the powder coatings manufacturing business of Arsonsisi (Milan, Italy), an industrial coatings company and leading supplier of specialty powder coatings for the architectural and industrial markets. The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, and financial terms were not disclosed.
As part of the transaction, PPG will acquire Arsonsisi’s highly automated, small- and large-batch capable powder manufacturing plant in Verbania, Italy. In 2021, Arsonsisi powder coatings business had sales of approximately $15 million.
Upon completion, the Arsonsisi acquisition will enable PPG to expand its powder coatings offerings in the Europe, Middle East and Africa (EMEA) region to include metallic bonding, which is often in specialty finishes for automotive, appliance, and general industrial applications. In addition, this acquisition aligns with PPG’s goal to have 40% of its sales by 2025 from sustainably advantaged products.
“Already recognized as an innovator in powder coatings, PPG has demonstrated leadership through powder advancements, including edge coverage and fluoroethylene vinyl ether (FEVE) fluoropolymer coatings for architectural metals,” says Michael Shukov, PPG general manager, industrial coatings, Europe, Middle East and Africa. “PPG is the only total solution provider who can supply and service powder and all other coatings technologies. We are pleased that the addition of this business will offer our EMEA customers expanded powder coating options to meet increasing demand for these sustainably advantaged coatings.”
In its ongoing commitment to sustainable innovations, PPG is making a global investment in powder coatings, one of the fastest growing and sustainable coating technologies.
“We are proud that PPG has chosen to invest in the field of powder coatings by acquiring Arsonsisi’s powder coating division,” says Carlo Junghanns, chairman of Arsonsisi S.p.A. “We have confidence in PPG’s commitment to carry on our legacy, and in their ability to continue to supply our loyal customers with the high-performance powder coatings they require.”
Source: PPG, https://news.ppg.com.